1. Virginia
  2. Warsaw
  3. 5061 Richmond Rd
$2,300,000

5061 Richmond Rd, Warsaw, VA 22572

  • 12,600 sqft
  • Property Icon Commercial Property
  • Property Year Built Icon Built in 1970
  • Property Lot Size Icon2.83acre lot
  • Property Parking Icon —— car garage
  • Property Price Per Square Feet Icon $183/sqft
  • Property List Date Icon Listed 1 month ago

Property Description

Discover a prime investment opportunity in the heart of Warsaw, Virginia! This meticulously renovated 12,600 sq. ft. strip center, situated on a 1.31-acre parcel, is offered as a package deal with an additional 1.52-acre parcel, totaling nearly 3 acres. Listed at $2,300,000 with an attractive 6.5% cap rate, this fully occupied commercial property boasts long-term leases, ensuring immediate cash flow and stability for investors. Property Highlights: - Size & Layout: 12,600 sq. ft. strip center, fully leased with established tenants. - Land: Combined 2.83 acres (1.31-acre main parcel + 1.52-acre adjacent parcel for future development). - Renovations: Completely updated with modern finishes, most HVAC units replaced, and a new roof for low maintenance. - Investment Potential: Strong 6.5% cap rate with long-term leases in place for consistent cash flow, plus the adjacent parcel offers development potential for additional income streams. - Location: Strategically located in Warsaw, VA, with excellent visibility and accessibility. This turnkey property is ideal for investors seeking immediate returns with the added bonus of future development opportunities. Don’t miss out on this rare chance to own a high-performing asset with multiple revenue streams.

Listing Status:
Active
Listing Office:
Real Broker LLC : (855) 450-0442
Listing Agent:
G Giambanco : (804) 380-5674
MLS ID:
2514519
  • Disability Feature: Accessibility Features

This listing courtesy of G Giambanco, Real Broker LLC

Monthly Payment

$Est. Payment
  • Principal & Interest $
  • Property Taxes $
  • Home Insurance $
  • VA Funding Fee $

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Location

Schools Nearby

R

Richmond County Elementary School

361 Walnut St, Warsaw, VA, 22572

Grades PK-7

1.76 miles away

R

Rappahannock High School

6914 Richmond Rd, Warsaw, VA, 22572

Grades 8-12

1.70 miles away

R

Rappahannock High School

6914 Richmond Rd, Warsaw, VA, 22572

Grades 8-12

1.70 miles away

Disclaimer: School and School District information courtesy of the National Center for Education Statistics (NCES). School boundaries may change. Proximity to listed schools does not guarantee enrollment eligibility. Contact the school district for more information and exact boundaries.